Thornburg Investment Management Inc. Sells 1,016,274 Shares of Kanzhun Limited (NASDAQ:BZ)

Thornburg Investment Management Inc. decreased its holdings in shares of Kanzhun Limited (NASDAQ:BZ) by 68.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 461,797 shares of the company’s stock after selling 1,016,274 shares during the period. Thornburg Investment Management Inc. owned approximately 0.12% of Kanzhun worth $8,667,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Kanzhun by 6.9% during the second quarter. American Century Companies Inc. now owns 542,667 shares of the company’s stock valued at $10,208,000 after purchasing an additional 35,197 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of Kanzhun by 94.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 197,972 shares of the company’s stock worth $3,724,000 after buying an additional 96,076 shares during the period. Royal London Asset Management Ltd. increased its holdings in shares of Kanzhun by 17.6% in the second quarter. Royal London Asset Management Ltd. now owns 422,200 shares of the company’s stock worth $7,942,000 after buying an additional 63,200 shares during the period. Prudential PLC increased its holdings in shares of Kanzhun by 13.0% in the second quarter. Prudential PLC now owns 81,109 shares of the company’s stock worth $1,526,000 after buying an additional 9,330 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Kanzhun by 320.0% in the second quarter. Acadian Asset Management LLC now owns 1,079,975 shares of the company’s stock worth $20,296,000 after buying an additional 822,849 shares during the period. Institutional investors own 60.67% of the company’s stock.

Kanzhun Price Performance

Shares of NASDAQ:BZ opened at $12.00 on Thursday. Kanzhun Limited has a 1 year low of $10.57 and a 1 year high of $22.74. The company has a market cap of $4.57 billion, a PE ratio of 30.77 and a beta of 0.47. The stock’s 50-day moving average is $14.68 and its 200 day moving average is $17.78.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BZ shares. UBS Group lifted their price objective on Kanzhun from $22.00 to $23.50 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Daiwa America upgraded Kanzhun to a “hold” rating in a report on Thursday, July 25th. HSBC started coverage on Kanzhun in a report on Friday, May 24th. They issued a “buy” rating and a $30.00 price objective on the stock. Daiwa Capital Markets downgraded Kanzhun from a “buy” rating to a “neutral” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their price objective on Kanzhun from $23.00 to $24.50 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Kanzhun has a consensus rating of “Moderate Buy” and an average price target of $23.40.

Kanzhun Company Profile

Kanzhun Limited, together with its subsidiaries, provides online recruitment services in the People's Republic of China. The company offers its recruitment services through a mobile app under the BOSS Zhipin brand name. Its services allow enterprise customers to access and interact with job seekers and manage their recruitment process.